News coverage about AppFolio (NASDAQ:APPF) has trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. AppFolio earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news stories about the software maker an impact score of 46.1318550165744 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- AppFolio, Inc. – Chart Of The Day (talkmarkets.com)
- AppFolio, Inc. (APPF) Downgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
- Financial Comparison: Sapiens International Corporation N.V. (SPNS) versus AppFolio (APPF) (americanbankingnews.com)
- Zacks.com featured highlights: AppFolio, Applied Materials, Crocs and Take Two Interactive Software (finance.yahoo.com)
Several brokerages have recently weighed in on APPF. KeyCorp reiterated a “buy” rating on shares of AppFolio in a report on Friday, August 11th. Zacks Investment Research downgraded AppFolio from a “strong-buy” rating to a “hold” rating in a report on Tuesday. BidaskClub downgraded AppFolio from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Credit Suisse Group reiterated a “neutral” rating and issued a $35.00 price target (up from $27.00) on shares of AppFolio in a report on Tuesday, August 8th. Finally, Morgan Stanley increased their price target on AppFolio from $33.00 to $38.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 8th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $38.33.
Shares of AppFolio (APPF) traded up 1.87% during midday trading on Wednesday, hitting $51.85. The stock had a trading volume of 66,809 shares. The firm has a market cap of $695.15 million, a price-to-earnings ratio of 1728.33 and a beta of 0.76. AppFolio has a 52-week low of $18.39 and a 52-week high of $52.25. The firm’s 50 day moving average price is $47.14 and its 200 day moving average price is $47.14.
In other news, major shareholder Global Fund Ii L.P. Dragoneer sold 503,300 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $35.79, for a total transaction of $18,013,107.00. Following the sale, the insider now owns 52,263 shares of the company’s stock, valued at $1,870,492.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Marc Stad sold 198,200 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $36.18, for a total value of $7,170,876.00. Following the sale, the insider now directly owns 73,153 shares in the company, valued at approximately $2,646,675.54. The disclosure for this sale can be found here. Insiders have sold 972,438 shares of company stock worth $34,571,525 in the last ninety days. Corporate insiders own 44.77% of the company’s stock.
AppFolio, Inc is a provider of industry-specific, cloud-based software solutions for small and medium-sized businesses (SMBs) in the property management and legal industries. The Company’s mobile-optimized software solutions enable its customers to work at any time and from anywhere across multiple devices.
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